Salazar Building Security uses the following chart of accounts: The following transactions were completed during October: Oct.

Question:

Salazar Building Security uses the following chart of accounts:

image text in transcribed

The following transactions were completed during October:
Oct. 1 Salazar transferred cash from a personal bank account to an account to be used for the business, $24,300.
3 Salazar invested in the business personal weapons having a fair mar¬
ket value of $1,113.
4 Bought communication equipment on account from Kreiger Elec¬
tronics, $1,374.
5 Paid rent for the month, $365.
6 Bought a used patrol car for $9,300 from the City of Brighton, pay¬
ing $4,500 down, with the balance due in thirty days.
9 Received invoice and paid insurance premium to Sanders Eidelity Company for bonding employees, $771.
12 Performed security services for Raymond Galleries. Billed Raymond for services rendered, $825.
16 Received bill from Argo Printers for office stationery, $175.72.
17 Billed Morrison Construction for services rendered, $1,479.
22 Received and paid bill from Regal Service for gas and oil for patrol car, $72.
24 Performed security services at rare gems convention. Billed Western Gem Association for services rendered, $711.
27 Paid Kreiger Electronics $450 to apply on account.
29 Received $825 from Raymond Galleries in full payment of account.
30 Billed City Merchants Association for services rendered, $2,160.
31 Received and paid telephone bill, $103.
31 Paid salaries to employees, $3,150.
31 Salazar withdrew cash for personal use, $1,800.
Instructions 1. Record the transactions in the general journal, beginning with page 1 and giving a brief explanation for each entry.
2. In the general ledger, record the account titles and numbers.
3. Post the entries to the ledger accounts.
4. Prepare a trial balance dated October 31, 19—.